Won't we?
The Dow Jones Industrial Average ended down 157 points
Huh?
"The passage of the package should provide some near-term stability in financial markets, but a good deal of uncertainty remains about the longer-term impact, " said Michael Moran, chief economist at Daiwa Securities.
Oh, so you mean this doesn't actually fix everything? Like you said it would?
Cunts.
2 comments:
Honey, most people don't grasp basic economics. They don't know about the banking multiplier and they don't understand risk, moral hazard and the money supply.
It's a shame that these people also seem to be the people in charge.
What is particularly galling is it was the socialists in America who pushed through legislation to enable all the deadbeat loans in the first place. Now they are blaming Bush for all their economic woes, yet it was the Democrats who refused to allow further regulation. The Democrats will likely have their messiah in the White House in January as well. No doubt he will sort it all for them.
I agree with you Trixy. Far too many people don't understand even basic maths like compound interest, but there are also far too many people who are just feckless and greedy.
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